Search Results - "Wedge, Lei"

Consumption and portfolio decisions with uncertain lifetimes by Chen, Shou, Fu, Richard, Wedge, Lei, Zou, Ziran

“…We study the consumption and portfolio decisions by incorporating mortality risk and altruistic factor in the classical model of Merton (Rev Econ Stat…”
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Projection bias, sophistication, and sub-additive discounting by Chen, Shou, Fu, Richard, Wedge, Lei, Zou, Ziran

“…Behavioral studies have revealed the sub-additive discounting pattern, which is at odds with the prevailing hyperbolic discounting framework that explains…”
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Firms’ financing and debt maturity choices: An empirical analysis from the perspective of asset value dynamics by Fu, Richard, Wedge, Lei

“…Abstract We examine empirically the relationship between the dynamics of firm value and their financing and debt maturity choices. Theoretical studies show…”
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Micro Evidence Relating to House Rents, Prices and Investor Size from a Matched Dataset by Rutherford, Jessica, Rutherford, Ronald, Yavas, Abdullah, Wedge, Lei, Allen, Marcus T.

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Finite horizon consumption and portfolio decisions with stochastic hyperbolic discounting by Zou, Ziran, Chen, Shou, Wedge, Lei

“…We study finite horizon consumption and portfolio decisions of time-inconsistent individuals by incorporating the stochastic hyperbolic preferences of Harris…”
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Uncertainty of capital productivity and declining discount rates by Chen, Shou, Fu, Richard, Wedge, Lei, Zou, Ziran

“…This paper considers the problem of instantaneous certainty-equivalent (ICE) discountrate when future return on capital is uncertain. We show that the ICE…”
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Portfolio manager ownership and fund performance by Khorana, Ajay, Servaes, Henri, Wedge, Lei

“…This paper documents the range of portfolio manager ownership in the funds they manage and examines whether higher ownership is associated with improved future…”
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Board structure, mergers, and shareholder wealth: A study of the mutual fund industry by Khorana, Ajay, Tufano, Peter, Wedge, Lei

“…We study mutual fund mergers between 1999 and 2001 to understand the role and effectiveness of fund boards. Some fund mergers—typically across-family…”
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Non-hyperbolic discounting and dynamic preference reversal by Chen, Shou, Fu, Richard, Wedge, Lei, Zou, Ziran

“…In this paper, we present a time-varying and non-stationary but non-hyperbolic discount function that explains dynamic preference reversal. The new discount…”
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Managerial ownership and the disposition effect by Fu, Richard, Wedge, Lei

“…This paper examines the relationship between mutual fund managers’ ownership and the disposition effect. Using recently disclosed managerial ownership data…”
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The Subsequent Market Value of Former REO Properties by Rutherford, Jessica, Rutherford, Ronald C., Strom, Elizabeth, Wedge, Lei

“…In this study, we find the subsequent price for a property initially sold as a real estate owned (REO) property occurs at market prices. The subsequent price…”
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Board Independence and Mutual Fund Manager Turnover by Fu, Richard, Wedge, Lei

“…This paper studies the relationship between board independence and manager turnover in the mutual fund industry. Using the Lipper 2003 mutual fund board data,…”
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How Does Your State Stack Up? Participation Costs in Higher Education Optional Retirement Plans by Bradley, Daniel, Wedge, Lei

“…We examine the costs to higher education employees investing in optional retirement plans (ORP). We find vast differences across states in terms of the number…”
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